Weekly 10-Q: Check cashing fees are getting an overhaul from New York’s financial regulator

The New York State Department of Financial Services is putting into practice an updated check cashing regulation following the proposed regulation announced in June last year.
And, feeling the heat of the economic downturn, JPMorgan's board has decided that CEO Jamie Dimon will take home the same base pay in 2023 as he did last year -- with no special award or bonus.

Sara Khairi | January 31, 2023

0 comments on “Weekly 10-Q: Check cashing fees are getting an overhaul from New York’s financial regulator”

You must be logged in the post a comment.

Member Exclusive, Opinion

As AI agents assume more responsibility for commerce, the transaction remains visible, but the decision-making behind it becomes increasingly opaque.
Financial services are reconstructing the decision trail AI has hidden. That's why the industry's conversation increasingly revolves around intent, context, governance, permissions, explainability, and accountability.

Sara Khairi | July 10, 2026

AI Innovation, Member Exclusive, Payments

Most payment discussions assume the biggest challenge is moving money from Point A to Point B. What if the bigger bottleneck is actually the operational noise surrounding the payment?
Investing in checks sounds like a step backward, but J.P. Morgan Payments is doing exactly that – because paper checks still create the greatest operational friction in the modern financial system.

Sara Khairi | July 09, 2026

Banking, Business of Fintech, Member Exclusive

Revolut filed for a US national bank charter in March 2026 to break free from its partner-bank arrangement.
The firm is betting on stablecoins and cross-border/multi-currency banking to win over international-minded US customers, backed by a $500 million commitment and a buildout led by new US CEO Cetin Duransoy.

Rabab Ahsan | July 07, 2026

AI Innovation, BNPL, Member Exclusive

As AI agents take a larger role in commerce, BNPL providers may need to rethink whom or what they evaluate when approving transactions.
Zip Co's Rory Herriman believes a future payments ecosystem may need to prove that an agent had authority to act, but also that the action reasonably reflected the user's objectives.

Sara Khairi | July 02, 2026

Member Exclusive, Podcasts

Max Flötotto, who leads McKinsey’s global retail banking practice, and Mike Packer, a partner at QED Investors, just co-authored a report mapping where fintech goes next — and they agree on almost everything in it.
We dig into why “a feature is no longer a fintech,” why only 1% of stablecoin volume is actual end-user payments, and why the simplest version of banking — deposits and loans — may be the part most at risk from AI agents.

Zack Miller | July 01, 2026